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Bloomberg Aston Martin may consider an initial public offering as early as next year as the British maker of James Bond’s cars seeks to capitalize on the success of Ferrari NV’s listing to lure investors, people familiar with the matter said. The century-old carmaker, whose owners include Investindustrial SpA, could list in London, said the people, who asked not to ...

Bloomberg It’s been a year since US rules went into effect enabling anyone — not just the ultra-wealthy — to buy a slice of a startup. Turns out, few are interested. Investors sprinkled about $38 million across 142 companies since May 2016 when Title III of the JOBS Act allowed equity crowdfunding for non-accredited investors, according to data from industry ...

Bloomberg All producers agree to extend crude output cuts by nine months to help trim a supply glut, according to Saudi Arabia’s energy minister. The extension through the first quarter of 2018 will help producers reach their goal of trimming global stockpiles to a five-year average, Khalid Al-Falih said. OPEC and other global producers such as Russia had agreed to ...

Bloomberg The Egyptian shores of the Gulf of Suez are becoming increasingly attractive to renewable-energy investors seeking to take advantage of the area’s strong, steady winds. That’s a growing problem for the millions of pelicans, white storks, raptors and other birds that fly by every year while migrating between Eurasia and East Africa. The 200-megawatt Gulf of el Zayt wind ...

Bloomberg Asian governments are watching with some anxiety the fate of the North American Free Trade Agreement as the Trump administration kicks off a review of the pact. “All of us are keen to know whether America is committed to have an open, liberal trading environment,” Malaysian Trade Minister Mustapa Mohamed said in an interview on the sidelines of the ...

Bloomberg Ant Financial, China’s largest provider of internet financial services, will continue investing in mobile-payment providers around the world to boost offshore revenue and buttress itself from rising competition and tighter regulation at home. Controlled by billionaire Jack Ma, the Hangzhou-based firm will announce more “partnerships” this year with a focus on Asia and is also “actively assessing” other markets, ...

LONDON / Reuters Indian gold imports will drop back sharply after jumping in the first quarter, the World Gold Council said on Wednesday as the launch of a new tax regime and restrictions on refiners’ ability to import gold dore take their toll. Full-year imports will be little changed from 2016’s 524 tonnes, gold industry-funded WGC’s managing director for India ...

ABU DHABI / WAM The 9th International Economic Summit in Kazan between Russia and the Organisation of Islamic Cooperation (OIC), member countries started on Thursday in Kazan, the capital of Tatarstan, and will conclude on May 20. The UAE’s participation in this event is represented by a senior delegation, chaired by Dr Rashid bin Ahmed bin Fahad, Minister of State. ...

ABU DHABI / WAM The number of floating shares in the national banking sector available for trading reached 25.6 billion at the end of the first half of May, constituting 50 percent of the total capital of 18 national banks, amounting to 51.2 billion shares. The latest official statistics issued by the Abu Dhabi and Dubai financial markets show a ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM) has announced that it joined R3 as a new member of its international consortium. ADGM is the first regulatory body in the Middle East and North Africa region to be part of the R3 consortium, comprising over 80 members from the world’s leading financial institutions and regulators. As a member, the ADGM ...